SG Americas Securities LLC Makes New Investment in Franklin Electric Co., Inc. $FELE

SG Americas Securities LLC acquired a new position in Franklin Electric Co., Inc. (NASDAQ:FELE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,068 shares of the industrial products company’s stock, valued at approximately $5,070,000. SG Americas Securities LLC owned about 0.12% of Franklin Electric as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Franklin Electric in the 2nd quarter valued at $45,701,000. First Trust Advisors LP boosted its holdings in Franklin Electric by 44.9% during the 2nd quarter. First Trust Advisors LP now owns 1,552,097 shares of the industrial products company’s stock worth $139,285,000 after acquiring an additional 481,108 shares during the last quarter. Amundi grew its stake in shares of Franklin Electric by 134.8% in the 3rd quarter. Amundi now owns 624,481 shares of the industrial products company’s stock worth $59,424,000 after acquiring an additional 358,517 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Franklin Electric in the 3rd quarter worth $24,223,000. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Franklin Electric by 70.1% in the second quarter. Qube Research & Technologies Ltd now owns 486,523 shares of the industrial products company’s stock valued at $43,661,000 after purchasing an additional 200,545 shares during the last quarter. Hedge funds and other institutional investors own 79.98% of the company’s stock.

Franklin Electric Trading Up 1.6%

NASDAQ FELE opened at $93.62 on Thursday. The business’s fifty day moving average is $97.90 and its 200-day moving average is $96.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.79 and a quick ratio of 1.18. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.69 and a beta of 1.07. Franklin Electric Co., Inc. has a one year low of $78.87 and a one year high of $111.53.

Franklin Electric (NASDAQ:FELE) last posted its quarterly earnings results on Tuesday, February 17th. The industrial products company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). The company had revenue of $506.86 million for the quarter, compared to the consensus estimate of $516.25 million. Franklin Electric had a net margin of 6.90% and a return on equity of 14.52%. Franklin Electric’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS. Franklin Electric has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts predict that Franklin Electric Co., Inc. will post 4.19 EPS for the current year.

Franklin Electric Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, February 5th. This is an increase from Franklin Electric’s previous quarterly dividend of $0.27. Franklin Electric’s dividend payout ratio (DPR) is 34.78%.

Insider Activity at Franklin Electric

In related news, CEO Joseph A. Ruzynski purchased 500 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average price of $93.34 per share, with a total value of $46,670.00. Following the acquisition, the chief executive officer owned 22,722 shares of the company’s stock, valued at $2,120,871.48. This trade represents a 2.25% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.72% of the company’s stock.

Analyst Ratings Changes

FELE has been the topic of several analyst reports. Wall Street Zen cut shares of Franklin Electric from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Franklin Electric in a research note on Monday, December 29th. Finally, DA Davidson set a $100.00 target price on Franklin Electric in a research note on Thursday, February 19th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $106.00.

Franklin Electric Profile

Franklin Electric Co, Inc is a world‐leading manufacturer and distributor of systems and components for moving and managing water and fuel. Headquartered in Fort Wayne, Indiana, the company specializes in designing engineered pumping systems and related controls for residential, commercial and industrial applications.

Founded in 1944, Franklin Electric has built its reputation on submersible and surface pumping solutions for water wells, municipal water and wastewater treatment, irrigation and industrial fluid handling.